SBA Lending
There are several reasons to consider an SBA loan for your business. Benefits include:
- Longer terms than most conventional loans
- Lower equity requirements
- Lower debt service coverage requirements
- Less restrictive collateral requirements
Given these potential advantages, it's well worth taking time to consider SBA financing.
How can an SBA loan help your business? The SBA will guarantee loans for a variety of purposes, including:
- Purchase of owner-occupied real estate
- Construction and expansion of business premises
- Purchase of machinery and equipment, furniture, fixtures, and leasehold improvements
- Business acquisition
- Debt refinancing
- Working capital
